Lloyds Bank Takes Back Bonuses Paid To Executives

20 - 02 - 2012

The BBC reports that the Lloyds Banking Group is taking back bonuses worth £2m from 10 of its executives.

The executives are believed to include the former chief executive Eric Daniels and three other board directors.
Four of those affected were board directors.
Mr Daniels is expected to lose between £600,000 and £700,000.
Six other executives, all below board level, could each lose approximately £100,000 each.
The action is the first instance of a British bank taking back executives bonuses.
Lloyds Banking Group owns the Halifax, the Bank of Scotland and the Cheltenham and Gloucester.






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